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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Regional Reit Limited | LSE:RGL | London | Ordinary Share | GG00BYV2ZQ34 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.70 | 3.46% | 20.95 | 20.05 | 20.65 | 21.50 | 19.64 | 19.64 | 6,793,401 | 16:35:11 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 93.32M | -65.16M | -0.1263 | -1.64 | 107.02M |
Date | Subject | Author | Discuss |
---|---|---|---|
12/11/2018 16:45 | I had a look at this as the discount to NAV and yield look potentially attractive in an interesting sector. However, in checking the div cover I see that the last 6 months show a big shortfall. 2.6p basic eps v 3.7p divvy. So not even close to being covered. The 'adjusted' earnings, so beloved of spin doctors everywhere comes in at 3.6p. The reason for the adjustment is a whacking performance fee. A performance fee is not necessarily a bad thing if it aligns interests of shareholders and directors. But not if the managers already take a decent slice of the action already (a 1.1% fee IN ADDITION to 15% of any Total Return performance over 8%). With a 41% LTV ratio the managers are borrowing against shareholders capital to achieve a high return in the first place. So the 8% performance hurdle is only equivalent to a 5% hurdle before leverage. All seems a bit greedy to me. Has anyone challenged the management on this? | jombaston | |
10/11/2018 13:59 | eeza - thnx for that. | skyship | |
10/11/2018 12:25 | TU & Div announcement next Friday 16 Nov. | eeza | |
06/11/2018 15:21 | Ramellous, as it happens REITs can pay they PIDs gross to Intermediaries and ii is an intermediary. the Intermediary needs to fill out a form like this "INTERMEDIARY DECLARATION OF ELIGIBILITY FOR GROSS PID PAYMENTS FROM UK REIT" You can download one here for British Land and there will be similar ones for other REITs - if not, just modify this one. But you should just nudge your provider of SIPP and/or ISA to fill out one of these forms. It is frankly outrageous that they are not already doing so without any prompting. They probably have a simple electronic way of doing this anyway. My provider has presumably done this as I get all my PIDs gross. | a0002577 | |
03/11/2018 09:57 | Can anyoner make these reclaims or does it depend on your own tax situation ? | superadams | |
03/11/2018 09:35 | Well, for anyone holding these and other reits with ii, I had this message yesterday regarding tax reclaims on pid divis. Bearing in mind the previous communication told me they claim it monthly.... "Thank you for your secure message received yesterday, regarding your SIPP product. At present I can see that there are Property Income Distribution dividend reclaims eligible for this year on each of the three REITs held." However, I must advise that as these are held on your SIPP product these are normally reclaimed on an annual basis. So there you go.. I suppose you get what you pay for.. | ramellous | |
20/10/2018 13:50 | Thanks Skyship. Value your opinion :) | banj | |
20/10/2018 09:10 | Banj - no, will likely retain as a core holding as the yield at 105p would still be 7.67% and the prospective Dec'18 NAV discount would still be 11.8%... | skyship | |
20/10/2018 08:37 | Great posts Skyship. Is 105p your personal target -ie exit, or do you hold longer term for the yield?(I appreciate things can and do change w.r.t to the company itself and the wider economy) | banj | |
19/10/2018 17:41 | Good move and good volume today. Closed @ 101.6p; so is it possible that we've already moved out of the 100p base camp on our next step up to 105p? free stock charts from uk.advfn.com | skyship | |
18/10/2018 15:40 | Closed @ 100.20p bid. CIC must be almost out now. | eeza | |
17/10/2018 17:32 | Paid on the 15th by most brokers, (but some laggards Barclays etc), less 20% tax which takes around 6 to 8 weeks to claim back from Revenue. Mine paid at ShareCentre at 0900 on 15th. | eeza | |
17/10/2018 16:39 | currently hold Regional REIT with HSDL, not received div from the 15th, is it usually delayed or should I be chasing?! | bothdavis | |
17/10/2018 14:57 | tournesol - thnx. Of course you wouldn't believe it if you relied on the BBC for your information! You state - "I'm fed up hearing the mantra "nobody voted to be poorer" being parotted by the side that lost the referendum. No they certainly didn't. And nobody forecasts that they will be." Precisely, very well put... | skyship | |
17/10/2018 13:53 | A obetween one ad one-and- a-half point swing is not enough for me, Skyship. I am happier with 3% plus swings which are common in the Green Infrastructure finds. Stock markets hate uncertainty - and once the Brexit mode is decided we can all get on with life - and I expect an uptick in the stock market whatever the decision is. | a0002577 | |
17/10/2018 13:35 | Skyship ...Too many people exaggerate the impact on the UK economy of a poor Brexit outcome. All research suggests a slower GDP growth than would otherwise be the case - but growth nevertheless! Exactly! The infamous pre-referendum leaflet published by the government and delivered to every household in the country (at a cost of 9 million) was deliberately and cynically misleading. The numbers presented in the leaflet said exactly what you just said. After Brexit, far from getting poorer, the UK will get richer. Less rich than we would be inside the EU but still richer than we were before. Those figures came from the Treasury and deliberately misrepresented the future. They reflected the minuses from Brexit in terms of reduced trade with Europe but not the positives in terms of reduced compliance costs and increased trade with the rest of the world. But even with a heavy hand on the scales the numbers showed us getting richer. In contrast the text incorrectly implied the opposite. It was clearly very biased propaganda but it worked. Most people found it easier to read the text than examine the numbers, so they drew the wrong conclusion. I'm fed up hearing the mantra "nobody voted to be poorer" being parotted by the side that lost the referendum. No they certainly didn't. And nobody forecasts that they will be. Apart from myself, you are probably the first person I've heard saying this. Bravo. | tournesol | |
17/10/2018 13:05 | @Sky o/t A bit of Brexit banter on the JTC thread. | eeza | |
17/10/2018 12:57 | Has anyone been playing these quite possible 1.5%-2% RGL share price swings? I should have been doing so; but decided just to sit and enjoy...😊 | skyship | |
17/10/2018 12:51 | Exactly - a useful validation, especially: 'The structural trends of e-commerce and urbanisation continue to underpin occupier and investor demand for prime warehouse space, notwithstanding near-term economic and political uncertainty in the UK.' Too many people exaggerate the impact on the UK economy of a poor Brexit outcome. All research suggests a slower GDP growth than would otherwise be the case - but growth nevertheless! | skyship | |
17/10/2018 11:24 | The SGRO comment can be read across to RGL | tournesol | |
17/10/2018 10:23 | Should be on SGRO, I think? | asmodeus | |
17/10/2018 06:44 | SGRO still seeing value. From today's TU "'Ongoing favourable occupier market conditions have enabled us to achieve another strong leasing performance for both new and existing space.' 'In line with our disciplined approach to capital allocation, we have exchanged or completed disposals totaling over £200m during the period at a significant premium to book value, taking advantage of strong investor demand and a limited supply of prime, well-located assets.' 'The structural trends of e-commerce and urbanisation continue to underpin occupier and investor demand for prime warehouse space, notwithstanding near-term economic and political uncertainty in the UK.' 'We remain optimistic about our prospects for the remainder of the year and into 2019.' | eeza | |
12/10/2018 20:32 | Lol !! Correct. | eeza |
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